Foxconn Electronics is expected to land orders for 90 million units of the iPhone 6 from Apple in 2014, the Chinese-language Commercial Times cited data from Citigroup Global Markets as indicating.
Buoyed by shipments of iPhone 6, Apple's smartphone shipments are expected to rise 23% in 2014 compared to 13% growth posted a year earlier, the paper quoted Wei Chen, an analyst at Citigroup Global Markets, as saying.
However, the growth rate of global smartphone shipments is expected to slow to 28% in 2014 compared to 40% in 2013, while sales of smartphones in mature markets are likely to edge up only 4%, down from 5% a year ago, Chen added.
Foxconn is expected to post an EPS of NT$9.29 (US$0.31) and NT$10.26 in 2014 and 2015, respectively, Chen estimated. |